Livspace Expands Strategic Investments in Abby Lighting

Livspace, a prominent omnichannel home interior and renovation platform, has made a significant strategic investment in the Mumbai-based LED lighting solutions provider, Abby Lighting, as reported by regulatory filings reviewed by Startup Superb. According to the filing with the Registrar of Companies (RoC), Livspace has acquired a majority stake in Abby Lighting for approximately Rs 204 crore (around $23 million). This deal includes Rs 173 crore in cash and Rs 31 crore through a share swap.

Details of the Acquisition

As part of the share swap arrangement, Abby Lighting’s co-founders, Sanjay Bajaj and Suresh Bajaj, will receive 4,11,274 equity shares in Livspace, equating to about a 0.31% stake in the company. A spokesperson from Livspace confirmed this development to Startup Superb, stating that the investment aligns with their vision to provide a diverse range of offerings to customers. The management and promoters of Abby Lighting & Switchgears will continue to lead the company, ensuring that operations remain unchanged.

About Abby Lighting

Established in 2000, Abby Lighting designs and produces LED and architectural lighting solutions suitable for residential, commercial, and industrial applications. The company is known for its custom, energy-efficient lighting systems and related switchgear products, operating from a design and manufacturing facility that spans over 85,000 sq ft in Palghar, Maharashtra.

Livspace’s Growth Journey

This acquisition marks Livspace’s fifth strategic investment. Previous acquisitions include Qanvast, YoFloor, Dwll.in, and DezignUp. Founded in 2014, Livspace provides homeowners with the ability to explore and customise pre-designed rooms, kitchens, and storage solutions via its platform. According to various sources from startup data intelligence, Livspace has raised over $520 million to date. This includes a $180 million Series F round led by KKR & Co., which helped the company achieve unicorn status.

Financial Performance

For the fiscal year ending March 2025, Livspace reported a year-on-year growth of 23% in operating revenue, elevating it from Rs 1,185 crore in FY25 to Rs 1,460 crore. During the same period, the company successfully reduced its losses by 42%, bringing them down to Rs 242 crore.